SXBN(SH:600831)2025-10-29 12:50Financial Performance - The company's operating revenue for the third quarter was ¥246,753,607.23, a decrease of 15.03% compared to the same period last year[4]. - The total profit for the third quarter was -¥243,974,831.16, with a year-to-date total profit of -¥606,806,548.60[4]. - The net profit attributable to shareholders for the third quarter was -¥243,138,794.73, reflecting a significant loss increase year-on-year[4]. - Total operating revenue for the first three quarters of 2025 was ¥893.58 million, a decrease of 22.2% compared to ¥1,148.03 million in the same period of 2024[22]. - Net profit for the first three quarters of 2025 was a loss of ¥606.95 million, compared to a loss of ¥567.42 million in the same period of 2024, representing an increase in loss of 6.9%[23]. - The net loss for the first three quarters of 2025 was CNY 597,705,989.38, compared to a net loss of CNY 513,526,809.07 in the same period of 2024, indicating an increase in losses[34]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥150,469,756.45, down 23.50% compared to the previous year[4]. - Cash flow from operating activities for the first three quarters of 2025 was ¥150.47 million, down 23.5% from ¥196.69 million in 2024[26]. - Cash inflow from operating activities totaled $760.15 million, down from $1,143.96 million, representing a decrease of approximately 33.5% year-over-year[38]. - Net cash flow from operating activities was $113.20 million, compared to $215.66 million, indicating a decline of about 47.5% year-over-year[38]. - Cash inflow from financing activities amounted to $2.28 billion, slightly down from $2.43 billion, a decrease of about 6.5% year-over-year[38]. - Cash outflow for payments to employees was $202.43 million, down from $338.27 million, indicating a decrease of approximately 40.1% year-over-year[38]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,434,278,586.68, a decrease of 2.98% from the previous year-end[6]. - The company's total liabilities as of September 30, 2025, were RMB 8,975,787,058.24, compared to RMB 8,689,163,791.63 at the end of 2024, showing an increase of approximately 3.31%[21]. - Total assets decreased to CNY 9,933,669,726.84 as of September 30, 2025, from CNY 10,210,094,019.50 at the end of 2024, a decline of 2.7%[32]. - The company's total equity decreased to CNY 1,356,781,646.41 as of September 30, 2025, from CNY 1,954,487,635.79 at the end of 2024, a decline of 30.5%[32]. Shareholder Equity - The equity attributable to shareholders decreased by 29.11% to ¥1,469,758,555.20 compared to the previous year-end[6]. - The company's equity attributable to shareholders decreased to RMB 1,469,758,555.20 from RMB 2,073,353,023.38, a decline of approximately 29.1%[21]. Borrowings - The company reported a significant increase in short-term borrowings, which stood at RMB 845,946,626.74, compared to RMB 867,696,626.74 in the previous period, reflecting a slight decrease of about 2.9%[20]. - The company’s long-term borrowings rose to RMB 4,015,638,042.43 from RMB 3,404,756,222.51, marking an increase of approximately 18.0%[21]. Management and Governance - The company plans to apply for the removal of the other risk warning on its stock, as it has met the necessary conditions as of October 9, 2025[16]. - The board of directors' term has been extended due to ongoing preparations for the board's re-election, ensuring continuity in governance[15]. - The company is actively preparing for the revision of management systems and reforms of the supervisory board in line with new regulations[15]. Other Financial Metrics - The basic and diluted earnings per share for the third quarter were both -¥0.34, indicating a decline in profitability[4]. - The company's cash and cash equivalents increased to RMB 242,114,698.80 from RMB 147,505,385.47, representing a growth of approximately 64.0%[19]. - The company's long-term borrowings rose to CNY 4,015,638,042.43 as of September 30, 2025, up from CNY 3,404,756,222.51 at the end of 2024, reflecting an increase of 18.0%[32]. - The company reported a significant increase in credit impairment losses, amounting to CNY -158,206,911.83 for the first three quarters of 2025, compared to CNY -51,981,238.37 in the same period of 2024[34]. - The company will not apply new accounting standards starting from 2025[39].